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ERASED TEST, YOU MAY BE INTERESTED ONSAP FI (Set II) Certification Questions

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Title of test:
SAP FI (Set II) Certification Questions

Description:
Certification Questions

Author:
sam
(Other tests from this author)

Creation Date:
17/09/2012

Category:
Competitive Exam

Number of questions: 56
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Content:
The transfer from the under-construction phase to completed asset is referred to here as____ Capitalization of the asset under construction Low value assets.
What are the fields that can be used as selection criteria in reporting from the below given options. Evaluation groups Reason for investment Environmental protection indicator.
Which of the statement is false The account ytpe field in term s of payment basic data screen should be defined separately, to prevent any done change in the term of payment. Terms of payemnt are copied from invoice to credit memos when they are liked to. Inserting a "V" in the invoice reference field during docuemtn entry mens the terms of payment are activated in the non-inovice-related credit memos. The day limits define the dates of the cash discount periods. The system cannot define the splitment of an installment payment, at least you define it in the terms of payment.
The asset value date is determined for each depreciation area by Period control method Baseline date.
What is the purpose of the terms of payment Define the baseline date Enable the cross-company code transactions Calculate a cash discount and invoice due date Calculate only the required coditions for SD invoices Calculate the tax amounts.
The most important and most comprehensive year end repor tor intermediate report is Asset History Sheet Balance sheet.
For which scenario can you use the cash journal? To post incoming and outgoing payment sin transaction currency. To make remittances to vendors. To record documents that will not be included in the general ledger To manage cash in local branches and offices.
The_____ determines the depreciation start date of the asset. This date is determined for each depreciation are by the period control method of the depreciation key. Asset Value date Due date.
The master data section of Asset Class consists with Control data Default values Depreciation area.
Identify the features of a a Business Blueprint from the following list: Business process group Blueprint document Associated Items Business group Business scenarios Blueprint Structure.
What do the posting key specify? (4 right) Whether the accounts are allowed for posting Whether the line items are valid for a business transaction Whether the line items contain "credit" or "debit" values Whether the line item is connected to a payment transaction or not Whether the posting is sales-relevant and the sales figure of the account is to be updated by the transaction, for example, by the posting of a customer invoice.
It can be displayed but nto changed in area menu maintenance. Area menus Area report.
Field Status group control: The GL account group The fields for data entry screens the number ranger the account type.
It specified the master data level at which each field can be maintained. Maintenance level Screen layout.
Preparation for year-end closing : (One or more options are true) If you change any depreciation values, you must run depreication posting again. Once depreciation has been posted in FI-AA and FI, a balance sheet and profit and loss statement can be created. If an area posts APC values to the general ledger periodically, you will need to run report RAPERPOO for periodic posting. After the depreciation lists and asset history sheet have been checked, depreciation is posted. If the final result is not satisfactory, you can carry out depreciation simulation or (bulk) changes, or make adjustment postings.
What are the depreciation terms that are mainly used as additional parameters in the cost-accounting depreciation area? Scrap value Index Variable depreciation portion.
The number of the G/L account to be charged can be automatically suggested by the system provided that____ Automatic account determination has been defined for company code Automatic account determination has been defined for Asset Master.
What does the monitor provide? (4 right) The access to messages and result lists. The visualization of both entire technical and business information. The apportunity to postpone someone's tasks. The opportunity to view the work of colleagues and the processing sequence, as well as the technical and business status for every task. The ability to monitor the total progress of period-end closing when the user uses more than one task list.
According the Replacement Values : Index An indexed revaluation can also be calculated for accumulated depreciation and imputed interest. Only year-dependent index classes are used. The index series must be assigned to an index class. You enter the index series in the asset or in the asset class.
What is a SAP Business Object? It is all the transaction data generated via transactions. It is the instanced class of the Class Builder. It is composed of tables that are related in a business context, including the related application programs and it is maintained in the Class Repository. It is the representation of a central business object in the real world, such as an employee, sales order, purchase requisition, inovice and so on. It is a sequence of dialog steps that are consistent in a business context and that belong together logically.
A document can only be reversed if: (One or more is correct) The original document contains no cleared line items, if the document does contain cleared items, then these items must be reset befor ereversal can take place. The original document contains only customer, vendor and G/L line items. The original document was posted in FI system or originating in other modules. All specified values (Such as, cost center) are not still valid.
What are the elements that are available to enter rules for the prerequisites (Validation & Substitution) and check (validation): Logical Operator (Boolean terms) Comparison operators Operands.
Identify the benefits of SAP Solution Manager. (5 correct) More leverage from IT investments Reduced cost of implementation Reduced ROI More reliable IT solutions Faster ROI Reduced cost of operation.
One of the main tasks of Asset Accounting is to represent the__________ in the detailed form of an asset history sheet. Asset portpolio. Asset sheet.
The payment terms are used to define : one or more is correct Baseline date for due date calculation Cash discount percentage rates. The house bank Cash discount periods.
Consider the following sentences : Which of the sentences is false? The Accrual engine is a generic tool for calculating and creating accrual postings. One of the disadvantages of being using the Accrual engine is that you can make periodic accruals posting automatically as performance optimized mass data processing using an accrual run. You have to create deferrals when an expense or revenue is posted in the current period, but in incurred or earned partly or completely in the future. The purpose of the account determination in the Accrual Engine is: determine the document type, the debit account and the credit account. One of the benefits provided by the Schedule Manager is the closing process is more transparent and easier to handle.
The asset history sheet report and other FI-AA report use the ______ to identify the different kinds of transactions and display them separately. Transaction Type Document Type Period control Method.
The organizational units of financial accounting are used for external reporting purposes; that is, they fulfill requirements that your business is subjec tot from external parties (e.g. legal regulations). Which of the following Organizational units are Mandatory in the ERR system with FI? (3 right) Client Fiscal Year Business Area Company Code.
Choose the correct answer: If the asset arrived after the invoice was received, integrated postings are made. The asset has already been delivered but the invoice has not, its a areason for not making integrated postings.
Bank master data records can also be manually. On the general data section of customer & vendor masters. At one-time (account) document entry. In the account ID When defining house bank.
What depreciation key is used to ensure that depreciation is nto calculated for asset under construction in depreciation areas fo rthe balance sheet? 2000 0000 1000.
What characteristics are configured as standard for every customer/vendor account. Line Item Display. Company Code Currency Open Item Management Purchasing Organisation.
The maintenance levels in system are: Sub-number Main number Asset class.
Please choose the right answer : (3 right) every company code that needs to use an accont from the assigned chart of accounts has to create its own company code segment. For P+L statement accounts, the balance is carried forward to the same account. In the chart of accounts segment, it is necessary to indicate whether the account will be a balance sheet or a profit+loss statemetn account. Number intervals for G/L account master records can overlap. It is not possible to influence the appearance of an account's master data.
All special G/L transactions are posted to G/L accounts Reconciliation account Special G/L account.
AuC are a special form of tangible assets. They are usually displayed as a separate balance sheet items and therefore need a separate account determination in their asset classes. True False.
About the dunning program configuration, what controls how dunning is carried out? Company Code Customer master record Dunning procedure Dunning texts Sales Organization.
By using screen layout control you can specify the field attributes in the asset master record and the maintenance level of the fields. True False.
You can use the Schedule Manager to manage the following periodic processing in Asset Accounting. Automatic pasting of asset transactions from a depreciation are to the General ledger. Posting depreciation.
The following parameters can be changed on a time-dependent basic. Absolute scrap value Variable depreciation amount Percentage scrap value Depreciation key Non of the above Usefull Life.
All reconciliation accounts and all G/L accounts with open item transactions in foreign currency must be assigned to the G/L account for realized losses and gains. Which of the following options exists for this assignment? A single G/L account can not be used per currencies and currency types. A single G/L account can be used per currency. A single G/L account can not be used per currency type. A single G/L account can be used for all currencies and currency types.
Several asset class can use the same account determination if.. Post the same G/L accounts. Post to different G/L accounts. They use the same chart of account. The different company code.
What of these alternatives are considered master data? Chart of Accounts. G/L accounts Vendor. Customer Asset.
In AP and AR, account group cannot be created with external number range. True False.
What characteristics are configured standard for every customer/vendor account Open item management Purchase organisation Currency Line item display Company Code.
You can manage the under construction phase in FI-AA in the following ways As an asset master record with line item management. As a normal asset master record (for summary settlement).
In validation procedure, if the prerequisite statement is satisfied, a check is performed and if the result of the check is TRUE, the system posts a message. True False.
______ require a separate asset class and correspoding G/L account, because they have to be shown separately in the balance sheet. Asset under construction Low value asset.
It is possible to get the report of customers created by a user in a company code True False.
Define GL account group The account group only determines in which number interval the GL account number must reside. The account group also determines in which number interval the GL account number must reside. The GL account group is a classifying feature for general ledger master records. The account group determines the fields for data entry screens if you careate or change a master record in a company code.
Only balances in local currency indicator set in balance sheet accounts that are not managed in foreign currencies and not managed on open item basis. False True.
Choose the correct sentences.... If the depreciation attributes are specified by thes ystem, they are not changeable. Several charts of depreciation can also be assigned to an asset class. Various company codes can be assigned to the chart of depreciation The sample chart of accounts provided by SAP cannot be adapted to meed your own requirements.
Consider the following in case of number range intervals : one or more is correct The number ranges can be defined at company code level. The number assignment is uniform for the asset class by specifying the number range for an asset class in the asset class. You can choose between external and itnernal number assignment by specifying correspondingly defined numbe range. Alphanumeric intervals can only be assigned externally. You may choose small intervals, since an extension is possible if the extension already belongs to another interval. In customizing for the asset class, specify the number range per company code, and specify whether assignment from the number range should be carried out externally or internally.
The depreciation attributes for the asset choose to be specified by the system Are changeable Are not changeble.
Identify the features of the service desk from the items listed below. SAP Help Customer Solution database Error handling Solution Manager diagnostics Managing SAP notes Message handing process.
Consider correct sentence: (Which combinatin is true?) A base currency can be assigned to an exchange rate type. To deal with exchange rate spreads, two very efficient combinations of the exchange rate tools are using a base currency for the average rate (M) and using the exchange rate spreads to calculate the buying and selling rate (B and G) A base currency can be used for an average, a buying or a selling rate. The relations between currencies have to be maintained per exchange rate type and currency pari in the translation factors.
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